Sumitomo Mitsui DS Asset Management Company Ltd Has $3.64 Million Stock Position in Lennar Co. (NYSE:LEN)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Lennar Co. (NYSE:LEN) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,695 shares of the construction company’s stock after acquiring an additional 559 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Lennar were worth $3,640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new stake in shares of Lennar during the fourth quarter worth approximately $4,015,000. Measured Wealth Private Client Group LLC raised its position in shares of Lennar by 6.1% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 3,797 shares of the construction company’s stock valued at $518,000 after acquiring an additional 219 shares during the last quarter. Choreo LLC boosted its position in shares of Lennar by 3.3% in the 4th quarter. Choreo LLC now owns 8,888 shares of the construction company’s stock worth $1,211,000 after purchasing an additional 281 shares during the last quarter. Confluence Wealth Services Inc. grew its stake in shares of Lennar by 22.6% during the fourth quarter. Confluence Wealth Services Inc. now owns 9,206 shares of the construction company’s stock worth $1,238,000 after purchasing an additional 1,699 shares during the period. Finally, Stratos Wealth Advisors LLC increased its holdings in Lennar by 23.4% in the fourth quarter. Stratos Wealth Advisors LLC now owns 7,409 shares of the construction company’s stock valued at $1,010,000 after purchasing an additional 1,404 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

Shares of LEN stock opened at $121.95 on Monday. Lennar Co. has a 12 month low of $121.40 and a 12 month high of $193.80. The company’s fifty day simple moving average is $141.34 and its 200-day simple moving average is $164.69. The firm has a market cap of $32.38 billion, a PE ratio of 8.50, a P/E/G ratio of 1.28 and a beta of 1.67. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.82 earnings per share. Equities research analysts expect that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

Analysts Set New Price Targets

Several research firms have recently issued reports on LEN. The Goldman Sachs Group decreased their target price on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Barclays reduced their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. UBS Group lowered their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lennar currently has an average rating of “Hold” and an average target price of $167.19.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.